Waterloo Area Historical Society

Analysis

Waterloo Area Historical Society is a registered charity in United States, based in Stockbridge, MI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waterloo Area Historical Society reported income of $141k and spending of $62k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $58k to $141k (+145%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waterloo Area Historical Society sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Philadelphia Police & Fire Pipes & Drums ($141k), Childrens Concert Society of Akron Ohio ($141k) and Austin Asian American Film Festival ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.